Revolutionizing supply chains: The role of emerging technologies in digital transformation

Naimul Islam (), Tipon Tanchangya (), Kamron Naher (), Ummah Tafsirun (), Md Rakib Mia (), Shoaibur Rahman Sarker () and Fahad Rashid ()

Financial Risk and Management Reviews, 2025, vol. 11, issue 1, 72-102

Abstract: The main objectives of the study are to provide a comprehensive overview of emerging technological solutions, their applications, and their impacts on supply chain digital transformation. It is qualitative research, and secondary data were collected. The study identified five effective applications of the individual solutions. AI provides effective insights, demand forecasting, warehouse automation, transportation and route optimization, supplier selection and management, and predictive maintenance. Blockchain enables tracking and transparency, enhancing traceability, cutting down on counterfeiting, encouraging sustainable and ethical sourcing, and facilitating smart payments. Business intelligence ensures improved communication, monitoring expenses, inventory management, tracking key performance indicators, and optimized visualization. Data science facilitates demand prediction, route enhancement, inventory management, hazard assessment, and supplier administration. IoT enables shipment and delivery tracking, warehouse capacity monitoring, inventory management, storage condition monitoring, and routine optimization and automation. RFID is effective for warehouse management, inventory management, freight transportation, supply chain visibility, and retail management. These emerging technologies collectively promote a more integrated, adaptable, and resilient supply chain landscape, address significant challenges, and open doors to future innovations. The results suggest that by adopting all emerging technologies within the supply chain context, business executives would increase their efficiency and enhance firm value as well.

Keywords: Digital transformation; Emerging technologies; Operational efficiency; Supply chain management. (search for similar items in EconPapers)
Date: 2025
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